v3.26.1
SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
SUPPLEMENTAL STOCKHOLDERS' EQUITY INFORMATION SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION
Share Repurchases
The Board of Directors approved Class A Common Stock share repurchase programs in February 2023 ($250.0 million) and February 2025 ($350.0 million). The authorizations provide that shares of Class A Common Stock may be purchased from time to time as market conditions warrant, through open-market purchases, privately negotiated transactions or other means, including Rule 10b5-1 trading plans. We expect to repurchase shares to offset the impact of dilution from our equity compensation program and to return capital to our stockholders. There is no expiration date with respect to these authorizations.
During the six months ended June 30, 2026, repurchases totaled approximately $91.8 million (excluding commissions and excise taxes), which fully utilized the 2023 authorization. As of June 30, 2026, approximately $258.4 million remains available and authorized for repurchases under the 2025 authorization.
Accumulated Other Comprehensive Income
The following table summarizes the changes in AOCI by component as of June 30, 2026:
(In thousands)Foreign Currency Translation AdjustmentsFunded Status of Benefit PlansNet Unrealized Gain/(Loss) on Available-For-Sale SecuritiesTotal Accumulated Other Comprehensive Loss
Balance as of December 31, 2025$(4,883)$(363,262)$2,339 $(365,806)
Other comprehensive loss before reclassifications, before tax(2,846)— (6,016)(8,862)
Amounts reclassified from accumulated other comprehensive loss, before tax— 9,949 — 9,949 
Income tax (benefit)/expense(750)2,621 (1,585)286 
Net current-period other comprehensive (loss)/income, net of tax(2,096)7,328 (4,431)801 
Balance as of June 30, 2026$(6,979)$(355,934)$(2,092)$(365,005)
The following table summarizes the reclassifications from AOCI for the six months ended June 30, 2026:
(In thousands)

Detail about accumulated other comprehensive loss components
Amounts reclassified from accumulated other comprehensive lossAffects line item in the statement where net income is presented
Funded status of benefit plans:
Amortization of prior service credit(1)
$(972)Other components of net periodic benefit costs
Amortization of actuarial loss(1)
10,921 Other components of net periodic benefit costs
Total reclassification, before tax9,949 
Income tax expense2,621 Income tax expense
Total reclassification, net of tax$7,328 
(1)These AOCI components are included in the computation of net periodic benefit cost for pension benefits. See Note 9 for additional information.
Stock-based Compensation Expense
Total stock-based compensation expense included in the Condensed Consolidated Statements of Operations is as follows:
For the Quarters EndedFor the Six Months Ended
(In thousands)June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Cost of revenue$4,112 $4,187 $8,265 $8,478 
Sales and marketing933 711 1,765 1,289 
Product development6,689 6,616 13,526 13,233 
General and administrative8,258 6,289 15,706 12,156 
Total stock-based compensation expense$19,992 $17,803 $39,262 $35,156